Utah’s housing market has not been hit as hard as many other states, according to Dee Carter, residential manager for Zion’s Bank’s housing market. On KVNU’s <a href=”http://610kvnu.com/assets/podcaster/324/2013_05_30_324_11296_2867.mp3″ target=”_blank”>For the People</a> program Wednesday, Carter said the market is healing.
“A lot of individuals and families had some challenging times, including homes that were underwater,” Carter said. “And what their values were, they weren’t able to sell and come out with equity, or they had to short sell if they were in an extenuating circumstance.
“But now, with those values coming back, you do see the people ready to do things and ready to take that next step.”
Carter said rates are still below four percent and that’s the lowest rates have been in 60 years.